Labor market heterogeneity and the aggregate matching function

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• dc.contributor.author Barnichon, Régisca
• dc.contributor.author Figura, Andrewca
• dc.contributor.other Universitat Pompeu Fabra. Departament d'Economia i Empresa
• dc.date.accessioned 2017-07-26T12:07:56Z
• dc.date.available 2017-07-26T12:07:56Z
• dc.date.issued 2010-10-01
• dc.date.modified 2017-07-23T02:15:43Z
• dc.description.abstract The matching function -a key building block in models of labor market frictions- implies that the job finding rate depends only on labor market tightness. We estimate such a matching function and find that the relation, although remarkably stable over 1967-2007, broke down spectacularly after 2007. We argue that labor market heterogeneities are not fully captured by the standard matching function, but that a generalized matching function that explicitly takes into account worker heterogeneity and market segmentation is fully consistent with the behavior of the job finding rate. The standard matching function can break down when, as in the Great Recession, the average characteristics of the unemployed change too much, or when dispersion in labor market conditions -the extent to which some labor markets fare worse than others- increases too much.
• dc.format.mimetype application/pdfca
• dc.identifier https://econ-papers.upf.edu/ca/paper.php?id=1395
• dc.identifier.uri http://hdl.handle.net/10230/21221
• dc.language.iso eng
• dc.relation.ispartofseries Economics and Business Working Papers Series; 1395
• dc.rights L'accés als continguts d'aquest document queda condicionat a l'acceptació de les condicions d'ús establertes per la següent llicència Creative Commons
• dc.rights.accessRights info:eu-repo/semantics/openAccess
• dc.rights.uri http://creativecommons.org/licenses/by-nc-nd/3.0/es/
• dc.subject.keyword job finding
• dc.subject.keyword aggregate
• dc.subject.keyword composition
• dc.subject.keyword dispersion
• dc.subject.keyword Macroeconomics and International Economics
• dc.title Labor market heterogeneity and the aggregate matching functionca
• dc.type info:eu-repo/semantics/workingPaper